Latest News

Land Transaction Tax (LTT) nil rate band extended

04 March 2021

On 3 March 2021, the Welsh Government announced that the temporary increase to the nil rate band of LTT for residential property transactions will be extended to 30 June 2021. Read More...

Campaign leads to extended Stamp Duty holiday

03 March 2021

The Chancellor has listened to Propertymark’s calls to avoid a cliff-edge deadline to the Stamp Duty Land Tax holiday in the UK Government’s budget, today, 3 March 2021. The nil rate band up to £500,000 will end on 30 June, instead of March. A transitional nil rate band up to £250,000 will be in place until the end of September and then return to £125,000 from October, with first-time buyers continuing not to pay stamp duty on properties up to £300,000. Read More...

Estate agents lose over £4,000 for every property sale that falls through

25 February 2021

Research carried out by Propertymark over the last year found an average of 17 property sales fell through, with 42 per cent of respondents saying failed sales are a significant problem for businesses. Read More...

Possible stamp duty extension

24 February 2021

Propertymark’s Chief Policy Advisor Mark Hayward has today welcomed speculation in The Times that the Chancellor may extend the Stamp Duty Holiday in England until the end of June, in next week’s budget. Read More...

 

 

Dialogue with politicians supports Propertymark’s lobbying efforts

Thursday 18 February 2021

Lobbying is key to ensuring that our members have a voice as Government and politicians make decisions affecting the sector. One strand of lobbying work is Propertymark’s Ask The Experts parliamentary sessions, which give legislators the chance to get answers to questions on important property sector issues.

Held at least three times a year, Ask the Experts forms just one strand of Propertymark’s ongoing conversations with individual policymakers, ministerial teams and parliamentary committees. These sessions are attended by both newly elected politicians and those with a specific interest in the property sector allowing Westminster MPs and Peers to ask questions reflecting their constituent’s concerns, as well as specific policy and market related issues they want to discuss.

As well as opening a dialogue between politicians and the sector, the conversations taking place during the Ask the Experts sessions enable us to shape future campaign work. For instance, if we know that an MP has a particular interest in an issue this allows the possibility of returning to them for future lobbying efforts.

Whilst Ask the Experts is primarily a chance for politicians to put questions to Propertymark, it is a reciprocal process too. This is important because it allows us to voice concerns raised by members. Recent sessions have proved a useful forum for raising unintended consequences around the end of the Stamp Duty Holiday, property standards, planning, leasehold property, short term lets and the abolition of Section 21.

Lobbying in Scotland and Northern Ireland

These lobbying sessions are both gaining in popularity and frequency. We have recently expanded Ask the Experts to Scotland and Northern Ireland, enabling us to raise issues raised by members in the devolved nations to representatives from the Scottish Government and Northern Ireland Executive.

Propertymark advocacy on Stamp Duty

Propertymark continues to outline our concerns to the UK Government on the dangers of ending Stamp Duty relief on 31 March 2021. We recently sent a briefing to members ahead of the debate on the issue, triggered by an e-petition.

Support our call for an extension to the Stamp Duty Holiday and help us put further pressure on policymakers. Writing to your local representative is an effective way for making your views known.

For help to write and structure an email, view our guidance on our website.

For more information about the Ask the Experts sessions, watch our video featuring Propertymark’s Chief Policy Advisor Mark Hayward.